Building a new home can be exciting and sometimes overwhelming. Although you will hire a contractor for your project, the exercise won’t be passive. There are many decisions you will have to make. If unwilling or unable to make them, the builder will make them for you. However, this will put you at the risk of having a home that won’t meet your expectations. Here are 5 things to know when building a new house.
1. The Numbers
The first and most important thing is to determine whether you have the necessary resources for building your dream home. Most house plans come with a cost-to-build tool. This provides an accurate construction costs estimate on the bases of where you want to build a house. The most important numbers to know include the construction costs, tax benefits, down payment funds, slush account, and related calculations.
2. Your Builder’s Reputation
Builders are different. It’s important to do some research to know whether the builder you want to choose has a good reputation. You can get recommendations from friends and family or get information online. It’s important to choose a respected builder that is known for being punctual and delivering excellent results.
3. The Future
It’s important to envision your future in the house you want to build. The home you want to build might not be your last one. Therefore, build with future resale in mind. Avoid many upgrades that can overprice the house in your neighborhood and make it hard to sell.
4. Green is Always Better
Maximize the energy efficiency of your new home design. Work with your builder and architect to incorporate features that make your new home energy efficient.
5. The Punch List
This is a list of the things to do or repair in your new construction. You should come up with this list with your contractor before closing. Go through the construction and the site to know what should be done to make the new house your dream home.
There are many things you need to know when building a new house. However, these are the most important things to have in mind for the successful completion of your project.